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Posted by
Two Blokes Jun 19 -
Filed in
Stock
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3 views
Coinbase delivered respectable YoY revenue growth despite Q1 headwinds, with strong performance in subscription and services revenues, especially from stablecoin. QoQ transaction revenue declines appear temporary, as the rebound in crypto prices should drive stronger results in upcoming quarters. Valuation remains attractive, with the P/S ratio well below early 2024 highs, presenting a favorable entry point for investors.
